NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹20.90
-0.07%
NAV as on 30 Apr 24, 12:00 AM
very high risk
large cap
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
large cap
equity
33.89%p.a.
Last 1Y
16.74%p.a.
Last 3Y
15.42%p.a.
Last 5Y
15.07%p.a.
Since Inception
About Mahindra Manulife Large Cap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Large Cap Fund Growth scheme from Mahindra Manulife Investment Management Pvt. Ltd.. It is a Large-Cap mutual fund scheme that predominantly invests in Large-Cap stocks of companies. Launched on Mar 2019, Mahindra Manulife Large Cap Fund Growth is Large-Cap fund of its category with 421.6 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Large-Cap funds.
- Mahindra Manulife Large Cap Fund Growth delivered 33.9% annual returns during the last year. It has delivered 15.1% average annual returns since the fund was launched.
- Mahindra Manulife Large Cap Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the Scheme is to provide long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and derivatives predominantly in large cap companies. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
ICICI Bank Ltd
8.88%
HDFC Bank Ltd
7.99%
Reliance Industries Ltd
7.06%
Infosys Ltd
4.90%
Tata Consultancy Services Ltd
4.69%
Larsen & Toubro Ltd
4.40%
State Bank of India
3.93%
ITC Ltd
3.08%
Maruti Suzuki India Ltd
3.04%
Kotak Mahindra Bank Ltd
2.54%
Fund Managers
- Fatema Pacha (Dec 2020 - Present)
- Abhinav Khandelwal (Mar 2022 - Present)
Key Information
View Scheme Document
Mahindra Manulife Large Cap Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Mahindra Manulife Large Cap Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Mahindra Manulife Large Cap Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Mahindra Manulife Large Cap Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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